Via Bloomberg come comments from Wu Xiaoling, former People’s Bank of China deputy governor
In an interview with 21st Century Business Herald
- China lacks investor confidence instead of interbank liquidity
- China needs to adjust structure to eliminate overcapacity, allow good products to be sold at good prices and hence recover investor confidence
- China should cut company tax
- China should avoid making too much direct investment with fiscal funds
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Although Wu is ex of the PBC he is still a player, currently a member of China's National People's Congress Standing Committee